Mini Deal, Major Fallout: India–US Talks Miss August 1 Cutoff

Attempts to clinch a mini trade deal between India and the US have been put on the backburner, and no agreement was reached on the August 1 target date. The fifth round of talks in Washington did not produce any outcome, and a US delegation is now going to fly to India in midAugust to talk.

 

Key Highlights:

Strategic Outlook:

Both nations target closing the first half of a bigger Bilateral Trade Agreement in September–October. Indian exporters, on the other hand, expect tariff headwinds, as negotiators bargain for a more balanced as well as WTOfriendly format.

 

Source: The Hindu BusinessLine, Financial Express, Indian Express